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Paytail Commerce Private Limited - internet in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹21.39 Cr
▲ 713% YoY
Net loss · FY 2023
₹20.58 Cr
Net margin -96.2%
EBITDA · FY 2023
-₹19.47 Cr
EBITDA margin -91%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹16.87 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
45
Provident fund records
Directors on board
5
As per MCA filings
About Paytail Commerce Private Limited
Data last updated:
Paytail Commerce Private Limited is a private limited company based in Gurgaon, Haryana, India, recognised as a startup by DPIIT. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 07 September 2020.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900HR2020PTC089043. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹16.87 Lakh. It is led by directors including Vikas Garg (Whole-Time Director) and Amit Kumar Chaturvedi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 31 October 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Sector 43, Gurgaon, Haryana.
As per the financials filed for FY 2023, the company reported a revenue of ₹21.39 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹20.58 Cr (net margin -96.2%) and EBITDA of -₹19.47 Cr (EBITDA margin -91%).
The company has about 45 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Paytail. Court records list 5 cases involving the company, including 5 filed against it; 1 case is pending. The company has 5 deals on record (2 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹13.15 Cr; the latest was in September 2021.
The last known website on record is paytail.com.
Company details
CIN U72900HR2020PTC089043
Registration Number 089043
Incorporation Date 07 September 2020
ROC Delhi
Listing Status Unlisted
Company Status Under CIRP
Date of Last AGM 31 October 2023
Date of Balance Sheet 31 March 2023
DPIIT Recognition Recognised Startup
Key People
Vikas Garg Whole-Time Director Amit Kumar Chaturvedi Whole-Time Director Balraj Menon Choorathil Nominee Director Recognitions & Rankings of Paytail Commerce
Contact details
Paytail Commerce Private Limited's registered office is in Gurgaon, Haryana. Its website is paytail.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAltf Mpd Tower 2nd Floor, Golf Course Road Sector 43, Gurgaon, Haryana, India – 122002
- IndustryInternet, Online Financial Services
To see the full contact details of Paytail Commerce Private Limited, buy the company report.
Comprehensive company report
Paytail Commerce Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included
Brands
Paytail Commerce operates one associated brand: Paytail. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Finance and e-commerce solutions are enabled via instant EMI loans. | paytail.com |
Business activity
The main business activity of Paytail Commerce is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Paytail Commerce Private Limited, buy the company report.
Financials of Paytail Commerce Private Limited
FY 2023 filings availablePaytail Commerce Private Limited reported revenue of ₹21.39 Cr (up 713% YoY) for FY 2023.
Revenue · FY 2023
₹21.39 Cr ▲ 713%
Net loss · FY 2023
₹20.58 Cr margin -96.2%
EBITDA · FY 2023
-₹19.47 Cr margin -91%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 713%
EBITDA CAGR growth
1 year
▼ 244%
Revenue rose 713% in the latest year. EBITDA fell 244% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹21.39 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹19.47 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹20.58 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -91% | ||
| Net Profit Margin | -96.2% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Paytail Commerce Private Limited, buy the company report.
Board of directors of Paytail Commerce Private Limited
Paytail Commerce has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Directors (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balraj Menon Choorathil | Nominee Director | 25 Sep 2021 | 5 Years 0 Months | As last reported |
| Manisha Rawat Also directs: Felix Insolvency Professionals LLP, BN Peak Power-2 Private Limited, BN Peak Power-4 Private Limited and 5 more | Irp/Rp/Liquidator | 03 Sep 2024 | 2 Years 1 Months | As last reported |
| Vikas Garg Also directs: Text Wave Technologies Private Limited | Whole-Time Director | 23 Dec 2020 | 5 Years 10 Months | As last reported |
| Amit Kumar Chaturvedi | Whole-Time Director | 23 Dec 2020 | 5 Years 10 Months | As last reported |
| Manindra Kumar Tiwari Also directs: Resolvynx Consulting Private Limited | Irp/Rp/Liquidator | 12 Nov 2024 | 1 Years 11 Months | As last reported |
Auditor
Paytail Commerce Private Limited is audited by Mridul Agarwal And Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mridul Agarwal And Associates | FY 2023 | 018519S |
Shareholding
The shareholding of Paytail Commerce Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Paytail Commerce Private Limited, buy the company report.
Deals & funding
Paytail Commerce Private Limited has 5 deals on record (2 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹13.15 Cr; the latest was in September 2021.
Total deals
5
Rights issues
2
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹13.15 Cr
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Funding round | ₹1.3 Cr | Investors: 3 individuals |
| Mar 2021 | Rights issue | ₹50 Lakh | Investors: 2 individuals |
| Jan 2021 | Rights issue | ₹9.5 Lakh | Investors: 2 individuals |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Paytail Commerce Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Paytail Commerce Private Limited has 5 court cases on record: 5 filed against it. 1 case is pending and 4 are disposed.
Total cases
5
Filed against the company
5
Pending
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Court case (COMI) | Filed against the company by Fintree Finance Pvt Ltd | Pending |
| High Court, MAHARASHTRA | Court case (CARAP) | Filed against the company by Fintree Finance Pvt Ltd | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Crif High Mark Credit Information Services Private Limited | Disposed |
| District court, South, Delhi | Commercial suit | Filed against the company by M/S Brandcure Media Pvt. Ltd. | Disposed |
| District court, Tiruchirappalli, Tamil Nadu | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Paytail Commerce Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Paytail Commerce Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Paytail Commerce Private Limited has a workforce of 45 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
45
Active EPFO establishments
1
Employee growth
-55.88%
GST
Paytail Commerce has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
Total GSTINs
3
Cancelled / inactive
3
To see the full GST registrations and return filing status of Paytail Commerce Private Limited, buy the company report.
Recent activity
Paytail Commerce Private Limited has 10 board changes on record since 2020: 5 appointments and 5 cessations. The latest: Manindra Kumar Tiwari was appointed as Irp/Rp/Liquidator on 12 Nov 2024.
Appointed
Manindra Kumar Tiwari was appointed as Irp/Rp/Liquidator.
Appointed
Manisha Rawat was appointed as Irp/Rp/Liquidator.
AGM
Paytail Commerce Private Limited last Annual general meeting of members was held on 31 Oct 2023 as per latest MCA records.
Ceased
Nishant Patni ceased to be Nominee Director.
Filing
Paytail Commerce Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
Appointed
Balraj Menon Choorathil was appointed as Nominee Director.
Ceased
Amit Kumar Chaturvedi ceased to be Additional Director.
Ceased
Vikas Garg ceased to be Additional Director.
Ceased
Raj Kumar Garg ceased to be Director.
Ceased
Sunny Garg ceased to be Director.
Appointed
Amit Kumar Chaturvedi was appointed as Whole-Time Director.
Appointed
Vikas Garg was appointed as Whole-Time Director.
1 earlier event is in the company report.
Frequently asked questions
Paytail Commerce is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Paytail Commerce is a company under insolvency, formerly operating as a private limited company based in Gurgaon, Haryana, India. The company works in online financial services, within the internet industry. It was incorporated on 07 September 2020 and is registered under CIN U72900HR2020PTC089043. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Paytail Commerce has 5 current directors:
- Vikas Garg - Whole-Time Director
- Amit Kumar Chaturvedi - Whole-Time Director
- Balraj Menon Choorathil - Nominee Director
- Manisha Rawat - Irp/Rp/Liquidator
- Manindra Kumar Tiwari - Irp/Rp/Liquidator
The latest financial statements of Paytail Commerce on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 31 October 2023. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Paytail Commerce is U72900HR2020PTC089043. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paytail Commerce has 5 court cases on record: 5 filed against it. 1 is pending. Most are in the district courts.
Paytail Commerce was incorporated on 07 September 2020. It is registered with the Registrar of Companies, Delhi.
Paytail Commerce has 5 deals on record (2 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹13.15 Cr; the latest was in September 2021.
Manindra Kumar Tiwari was appointed as Irp/Rp/Liquidator on 12 Nov 2024. Manisha Rawat was appointed as Irp/Rp/Liquidator on 03 Sep 2024. Nishant Patni ceased to be Nominee Director on 22 Sep 2023. Paytail Commerce has 10 board changes on record in total.
Yes, Paytail Commerce is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).